Press review
Actuarial Post
"In a newly released position paper, "Portfolio Losses from Climate Damages: A Guide for Long-Term Investors," Professor Riccardo Rebonato, Scientific Director of the EDHEC-Risk Climate Impact Institute, discusses the (de)merits of the advice addressed to pension trustees and engages with critics who assert that pensions are being put at risk by the flawed research and groupthink of climate economists. His research concludes that pension trustees have indeed been poorly served by their consultants. He also concurs with critics' views that the estimates of likely portfolio losses due to climate change in the authorities' reports are implausibly tame. However, Professor Rebonato's research offers a different and more nuanced perspective about how these conclusions have been reached and the use of integrated climate economics models."
2023
